Hi everyone! If you’ve been looking for a way of how to trade buy and sell range breakout price levels, the indicator I’m sharing with you today will be a perfect choice for you!
The super range breakout forex indicator for MT4 draws the buy and sell breakout levels directly on the chart:
- A buy range breakout signal occurs when price reaches the blue bar on the chart.
- A sell range breakout signal occurs when price reaches the red bar on the chart.
The indicator also calculates and displays the % trending factor for the pair (upper left corner).
Some examples of the signals:
Basic Trading Signals:
Buy Signal: Open a buy trade when price reaches the blue super range breakout MT4 indicator bar.
Place a stop loss 1 pip below the brown indicator bar or below short-term support.
Sell Signal: Open a sell trade when price reaches the red super range breakout MT4 indicator bar.
Place a stop loss 1 pip above the dark green indicator bar or above short-term resistance.